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If a purchase return of Rs.84 has been wrongly posted to the debit of the sales return account, but had been correctly entered in the suppliers account, the total of the trial balance would show:
- a)the credit side to be Rs.84 more than debit side.
- b)the debit side to be Rs.84 more than credit side.
- c)the credit side to be Rs.168 more than debit side.
- d)the debit side to be Rs.168 more than credit side.
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
If a purchase return of Rs.84 has been wrongly posted to the debit of ...
Explanation:
When a purchase return of Rs.84 is wrongly posted to the debit of the sales return account, it means that the amount is incorrectly recorded as a credit in the sales return account instead of being recorded as a debit. This error results in the sales return account being understated by Rs.84.
Effect on the Trial Balance:
To understand the effect on the trial balance, we need to consider the accounting equation:
Assets = Liabilities + Capital
In this case, the purchase return of Rs.84 is correctly entered in the supplier's account, which means that the liability to the supplier has decreased. As a result, the liabilities side of the trial balance is understated by Rs.84.
Effect on the Debit and Credit Sides:
1. Debit Side:
- The purchase return of Rs.84 should have been recorded as a debit in the sales return account, but it is incorrectly recorded as a credit. Therefore, the debit side of the trial balance is understated by Rs.84.
2. Credit Side:
- Since the purchase return is posted correctly in the supplier's account, the credit side of the trial balance is not affected by this error.
Summing up the Effects:
- The debit side of the trial balance is understated by Rs.84 due to the incorrect posting in the sales return account.
- The credit side of the trial balance remains unaffected.
Final Result:
As a result of this error, the debit side of the trial balance is Rs.84 less than it should be, while the credit side remains unchanged. Therefore, the total of the trial balance shows the debit side to be Rs.84 less than the credit side.
Correct Answer:
The correct answer is option 'd' - the debit side to be Rs.168 more than the credit side.
When a purchase return of Rs.84 is wrongly posted to the debit of the sales return account, it means that the amount is incorrectly recorded as a credit in the sales return account instead of being recorded as a debit. This error results in the sales return account being understated by Rs.84.
Effect on the Trial Balance:
To understand the effect on the trial balance, we need to consider the accounting equation:
Assets = Liabilities + Capital
In this case, the purchase return of Rs.84 is correctly entered in the supplier's account, which means that the liability to the supplier has decreased. As a result, the liabilities side of the trial balance is understated by Rs.84.
Effect on the Debit and Credit Sides:
1. Debit Side:
- The purchase return of Rs.84 should have been recorded as a debit in the sales return account, but it is incorrectly recorded as a credit. Therefore, the debit side of the trial balance is understated by Rs.84.
2. Credit Side:
- Since the purchase return is posted correctly in the supplier's account, the credit side of the trial balance is not affected by this error.
Summing up the Effects:
- The debit side of the trial balance is understated by Rs.84 due to the incorrect posting in the sales return account.
- The credit side of the trial balance remains unaffected.
Final Result:
As a result of this error, the debit side of the trial balance is Rs.84 less than it should be, while the credit side remains unchanged. Therefore, the total of the trial balance shows the debit side to be Rs.84 less than the credit side.
Correct Answer:
The correct answer is option 'd' - the debit side to be Rs.168 more than the credit side.
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If a purchase return of Rs.84 has been wrongly posted to the debit of ...
Option d is the answer because there is less credit in purchase return account and more debit in sales return account and to adjust this error we open suspense account
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If a purchase return of Rs.84 has been wrongly posted to the debit of the sales return account, but had been correctly entered in the suppliers account, the total of the trial balance would show:a)the credit side to be Rs.84 more than debit side.b)the debit side to be Rs.84 more than credit side.c)the credit side to be Rs.168 more than debit side.d)the debit side to be Rs.168 more than credit side.Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about If a purchase return of Rs.84 has been wrongly posted to the debit of the sales return account, but had been correctly entered in the suppliers account, the total of the trial balance would show:a)the credit side to be Rs.84 more than debit side.b)the debit side to be Rs.84 more than credit side.c)the credit side to be Rs.168 more than debit side.d)the debit side to be Rs.168 more than credit side.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If a purchase return of Rs.84 has been wrongly posted to the debit of the sales return account, but had been correctly entered in the suppliers account, the total of the trial balance would show:a)the credit side to be Rs.84 more than debit side.b)the debit side to be Rs.84 more than credit side.c)the credit side to be Rs.168 more than debit side.d)the debit side to be Rs.168 more than credit side.Correct answer is option 'D'. Can you explain this answer?.
If a purchase return of Rs.84 has been wrongly posted to the debit of the sales return account, but had been correctly entered in the suppliers account, the total of the trial balance would show:a)the credit side to be Rs.84 more than debit side.b)the debit side to be Rs.84 more than credit side.c)the credit side to be Rs.168 more than debit side.d)the debit side to be Rs.168 more than credit side.Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about If a purchase return of Rs.84 has been wrongly posted to the debit of the sales return account, but had been correctly entered in the suppliers account, the total of the trial balance would show:a)the credit side to be Rs.84 more than debit side.b)the debit side to be Rs.84 more than credit side.c)the credit side to be Rs.168 more than debit side.d)the debit side to be Rs.168 more than credit side.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If a purchase return of Rs.84 has been wrongly posted to the debit of the sales return account, but had been correctly entered in the suppliers account, the total of the trial balance would show:a)the credit side to be Rs.84 more than debit side.b)the debit side to be Rs.84 more than credit side.c)the credit side to be Rs.168 more than debit side.d)the debit side to be Rs.168 more than credit side.Correct answer is option 'D'. Can you explain this answer?.
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If a purchase return of Rs.84 has been wrongly posted to the debit of the sales return account, but had been correctly entered in the suppliers account, the total of the trial balance would show:a)the credit side to be Rs.84 more than debit side.b)the debit side to be Rs.84 more than credit side.c)the credit side to be Rs.168 more than debit side.d)the debit side to be Rs.168 more than credit side.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for If a purchase return of Rs.84 has been wrongly posted to the debit of the sales return account, but had been correctly entered in the suppliers account, the total of the trial balance would show:a)the credit side to be Rs.84 more than debit side.b)the debit side to be Rs.84 more than credit side.c)the credit side to be Rs.168 more than debit side.d)the debit side to be Rs.168 more than credit side.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of If a purchase return of Rs.84 has been wrongly posted to the debit of the sales return account, but had been correctly entered in the suppliers account, the total of the trial balance would show:a)the credit side to be Rs.84 more than debit side.b)the debit side to be Rs.84 more than credit side.c)the credit side to be Rs.168 more than debit side.d)the debit side to be Rs.168 more than credit side.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice If a purchase return of Rs.84 has been wrongly posted to the debit of the sales return account, but had been correctly entered in the suppliers account, the total of the trial balance would show:a)the credit side to be Rs.84 more than debit side.b)the debit side to be Rs.84 more than credit side.c)the credit side to be Rs.168 more than debit side.d)the debit side to be Rs.168 more than credit side.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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